China'S Textile And Clothing Trade Exhibition

Entering the 2008, world economic growth was in a low ebb. The US economy continued to decline under the influence of the subprime crisis and is affecting the trend of global economic development.

Under such circumstances, how attractive will the annual China Textile and clothing trade exhibition to be held in New York in June this year?

What is the judgement of the US market demand?

Overall, the freight and export volume of the textile industry in the United States was flat in 2007, while sales and employment declined sharply, but the whole industry remained profitable.

In order to save the market from decline, the United States has put pressure on China to reduce the export volume of textiles and clothing.

Under such circumstances, reporters recently received the answer from the organizers of the China Textile and clothing trade exhibition: the enthusiasm of exhibitors is still undiminished, and the new products will be more suitable for the needs of American consumers.

In analyzing this year's situation, experts believe that the United States government has recently implemented a series of combination policies to deal with the crisis, but there is still considerable uncertainty in the medium term whether it can reverse the decline of the US economy.

Once the US economy is in recession, Chinese textile exports seem to be hard to avoid a bad time.

Specifically, the US economy is likely to have an impact on China's textile exports from three aspects.

First, the recession has led to a decline in the total consumption power of the United States and a corresponding decline in demand for imported goods, which will inhibit the growth of China's exports from external demand.

According to statistics, China is one of the most important countries to export textile products to the United States. If the rate of consumption growth in the United States falls to 3.2% in the next two years (4.2% in 2007), it is estimated that by 2009, the growth rate of China's textile and clothing exports to the United States will drop to about 10%.

Secondly, the US recession will lead to increased pressure on trade protectionism. "Made in China" will face more barriers to trade protection, which will greatly weaken the international competitiveness of China's textile export commodities.

Finally, the global economy will be further dragged down by the United States. Under the background of a serious deterioration of the external economic environment, China's export growth to the major trading partners such as the EU will also face downside risks.

However, some experts believe that there is no need to be pessimistic about the export situation this year or next. The growth potential of Chinese textile products in the United States and the world is still huge.

From the past market, under the background of general stable international situation, textile and clothing exports in 2008 will still have two digit growth, but the growth rate may decline.

From the perspective of export market share, China's textile and garment exports accounted for only 14.3% of total exports in 2007, and its dependence on the US market was not very high. It should not be too serious about China's overall impact on US textile exports.

Since January 1, 2006, the United States has imposed quantitative restrictions on 21 types of textiles manufactured in China. These restricted categories are all popular products exported to the United States, accounting for nearly 1/3 of the total value of textiles and clothing exported to the United States.

After the cancellation of quotas in 2009, these categories of products may become a driving force for the growth of textile exports to the US.

Under the restriction of quantity, pressure can also be turned into motive force, which will urge textile exporters to improve their gold content and enhance their competitiveness.

For larger export enterprises, the number of orders may fall, but the amount will increase. Some SMEs should recognize the result of this round of crisis scarves.

The eight China Textile and apparel trade fair has been successfully held. It has gained a high reputation in the mainstream business circles of the United States. It has become an important platform for Chinese textile and garment enterprises to directly contact American trade customers, understand the American market and conduct business negotiations. The China Textile and clothing trade exhibition has already had a large number of stable customer groups.

The exhibition will continue to play an important role in the textile and apparel trade between China and the United States as external factors are uncertain and the US economy continues to decline.

After eight years of accumulation, many large buyers and importers have already visited the exhibition in the annual plan.

Shanghai New Union textile import and Export Corporation, Tianjin textile investment company, Wuxi Qingfeng company and other enterprises said that this year not only to participate in the exhibition, but also to study how to formulate development strategy.

People in Shandong Sakura home textile products company said that China's textile exports are playing an important role in adjusting the industrial structure, and doing everything possible to improve quality and make famous brands.

At the same time, if we want to do well in differentiated management, only by differentiated management can we create individuality.

Through certain channels, enterprises can make their voices heard and "go abroad" to know more about the dynamics of foreign markets.

In some countries, the terms of trade are very good. At present, bilateral agreements are becoming more and more sufficient. Enterprises can make use of these agreements to explore larger market profit margins.

The head of Taizhou's hairy textile dyeing factory said that we should vigorously develop diversified markets and diversify export risks, and gradually expand markets in Africa, the Middle East and South Asia on the basis of consolidating traditional markets, and get to know new customers through inspection and participation in exhibitions.

In Europe and the United States, we actively defuse risks by developing agents and engaging in foreign marketing networks.

We should diversify our products and businesses, increase the intensity of new product development, increase the added value of products, and increase the high-end products such as wool and suits.

We should implement the strategy of "going out", expand sales channels, expand profit margins, avoid risks caused by Jia Yi's friction and restrictions from Europe and America.

Anhui Hongrun group responsible person said: first, take account of the development of domestic and foreign markets, strengthen exports to Japan, South Korea, Russia and other markets, and increase exports with the help of international sales channels.

Two, we should accelerate the pace of technological innovation, actively develop the world's leading knitted fabrics, and speed up the application of new materials and new materials.

Three, we should speed up product mix adjustment and gradually shift to leisure and sportswear on the basis of raising underwear grades to meet the needs of different customers.